April 11, 2012

The Morning Wrap

Bowing Out: Rick Santorum announced Tuesday afternoon that he is ending his campaign for the presidency, effectively closing out the GOP primary season and cementing Mitt Romney's status as his party's presumptive nominee, Politico reports.

AWOL: The two attorneys for George Zimmerman said Tuesday that they can no longer represent the neighborhood watch volunteer in the highly charged Trayvon Martin shooting case because they have lost contact with their onetime client, The Washington Post reports.

IP Fight: Oracle Corp. will ask a jury next week to find that Google Inc. stole its intellectual property to make Android software in a trial that a federal judge called the “World Series of IP cases,” Bloomberg reports.

Terror on Trial: Five top militants will be extradited from Britain to the U.S. to be tried in civilian courts, a course previously prohibited by Congress. Law enforcement officials said that prosecutors, whose courtrooms are only blocks from the site of the World Trade Center towers downed in 2011, are prepared to try the cases, Reuters reports.

Creditworthy?: As financial institutions recover from the losses on loans made to troubled borrowers, some of the largest lenders to the less than creditworthy are trying to woo them back, The New York Times reports.